Singapore eyes faster, cheaper forex trading ecosystem
MAS wants to develop pricing and matching engines here; Republic is world's 3rd largest FX hub, after London and NY, with HK close behind
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Angela Tan
Singapore
TRADING in Singapore's US$517-billion-a-day foreign exchange (FX) market is about to get even faster, cheaper and a whole lot more efficient.
The Monetary Authority of Singapore (MAS) is looking into developing an ecosystem of pricing and matching engines here, which entails improving the execution in the institutional FX market for Singapore-based buy-side players, and allowing sell-side banks to price more competitively.
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